Office of the Revenue Commissioners. Statistical Report 2001 (Year ended 31st December 2001)

Transcription

1 Office of the Revenue Commissioners Statistical Report 2001 (Year ended 31st December 2001)

2 DUBLIN Published by the Stationery Office To be purchased directly from the - Government Publications Sale Office, Sun Alliance House, Molesworth Street, Dublin 2. or by mail order from - Government Publications, Postal Trade Section, 51 St. Stephen s Green, Dublin 2. Tel: Fax: or through any bookseller Government of Ireland 2002 ISBN Price

3 OFFICE OF THE REVENUE COMMISSIONERS STATISTICAL REPORT 2001 Introduction This Statistical Report contains detailed information (in the form of text, tables and notes) on all the taxes and duties for which the Office of the Revenue Commissioners is responsible. The summaries of legislation and the brief descriptions preceding certain statistical tables are presented to assist the reader and should not be taken as a precise interpretation of the law. For that purpose, reference should be made to the various Statutes and the cases relating thereto decided in the Courts. The majority of the Report is in Euro, with the exception of specific "rates/bands/limits" material relating to pre Euro years. The conversion rate is 1 = IR The Report is set out under the following main headings: Page Total Revenue 7 Excise 13 Stamp Duties 37 Capital Acquisitions Tax 41 Residential Property Tax 45 Income Tax 47 Income Distribution Statistics 67 Corporation Tax 99 Corporation Tax Distribution Statistics 101 Capital Gains Tax 107 Value Added Tax 111 Sheriff and Solicitor Enforcement 115 If you have any comments on, or suggested improvements to the contents of the Statistical Report, please write to - Office of the Revenue Commissioners, Logistics Branch, 1st Floor, Wicklow House, South Great George s Street, Dublin 2. You can access this and previous Reports on the Revenue Web Publications/Annual Reports 5

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5 Total Revenue Table TR1. Gross Receipts Table TR2. Net Receipts Table TR3. Net Receipts as a percentage of GDP Table TR4. Gross Receipts and Cost of Administration TOTAL REVENUE Table TR5. Cost of Administration (main elements) The particulars of the Revenue Receipts in the year ended 31 December 2001 are given in Table TR1. Table TR2 contains net receipts of revenue for the year ended 31 December Particulars are also given for the three preceding financial periods. Further details in regard to each separate duty are given in the relevant Tables. The "Gross Receipts "of any duty or tax for any given financial year means the aggregate amount of duty or tax actually collected or brought into the Revenue accounts within that year, no matter for what year the duty or tax may have been assessed or charged. It thus includes arrears of previous years. The "Net Receipt "means the "Gross Receipt "after deduction of drawbacks, repayments etc. made within the same year. These drawbacks, repayments etc, may similarly relate to duty or tax paid in previous years. 7

6 Table TR1 Gross Receipts, Year 2001 Gross Receipts Balance on 1 January, ,868,870 Gross Receipts of Duties:- Customs (including 9,241,876 Duty Deferred under EU Regulation) 167,425,562 Excise 4,381,919,392 Capital Acquisitions Tax (including Estate Duties and Wealth Tax etc.) 174,529,250 Capital Gains Tax 889,051,323 Stamp Duties 1,257,150,986 Residential Property Tax 2,029,793 Income Tax (including Income Levy) 10,549,136,736 Corporation Tax (including Corporation Profits Tax) 4,622,845,411 Value Added Tax (including 70,186,168 Duty Deferred) 10,539,251,530 Agricultural Levies, etc. (including 25,366 Duty Deferred) 828,113 32,584,168,096 Gross Receipts of Moneys received and collected on behalf of other Departments (including Fee Stamps, 821,810) 5,177,951,577 Receipts in Aid of Vote (Net) 32,416,549 37,832,405,092 8

7 Table TR1 continued Gross Receipts, Year 2001 continued Disposal Drawbacks, Repayments, Allowances, etc. Customs 6,257,949 Excise 169,316,252 Capital Acquisitions Tax (including Estate Duties and Wealth Tax etc.) 6,770,878 Capital Gains Tax 13,471,508 Stamp Duties 34,625,277 Residential Property Tax 378,047 Income Tax (including Income Levy) 1,230,382,402 Corporation Tax (including Corporation Profits Tax) 478,942,496 Value Added Tax 2,641,142,887 Agricultural Levies, etc. - 4,581,287,696 Payments to the Exchequer:- Customs 165,192,924 Excise 4,050,006,095 Capital Acquisitions Tax (including Estate Duties and Wealth Tax etc.) 168,767,237 Capital Gains Tax 880,338,614 Stamp Duties 1,226,902,195 Residential Property Tax 1,651,929 Income Tax (including Income Levy) 9,346,872,127 Corporation Tax (including Corporation Profits Tax) 4,156,049,540 Value Added Tax 7,920,461,067 Agricultural Levies, etc. - 27,916,241,728 Payments to and on behalf of other Departments in respect of Moneys collected on their behalf (including 1,468,025 to Exchequer in respect of Fee Stamps & 167,605,426 Tobacco Levy) and rounding 5 5,347,253,509 Payments to Appropriations-in-aid of Vote 32,416,549 Balance, 31 December, 2001 (44,794,390) 37,832,405,092 9

8 10 Value Added Tax 28.2% Corporation Tax 14.8% * Capital Acquisitions Tax, Stamp Duties, Residential Property Tax Table TR2 Net Receipts Year Customs Excise Capital Capital Gains Stamps Residential Income Tax (b) Corporation Value Added Agricultural Total Acquisitions Tax Property Tax Tax (c) Tax Levies etc. Tax (a) ,640,380 3,586,738, ,845, ,163, ,144,764 1,826,092 7,290,773,415 2,614,279,146 5,421,514, ,242 20,185,678, ,968,362 4,016,096, ,275, ,204, ,201,972 1,767,900 8,006,980,716 3,442,370,042 6,237,685,463 2,234,853 23,448,785, ,704,434 4,424,165, ,089, ,503,950 1,089,920,549 2,024,969 9,124,775,975 3,885,268,688 7,486,501,827 1,085,116 27,215,040, ,167,613 4,212,603, ,758, ,579,814 1,222,525,708 1,651,748 9,318,754,334 4,143,902,915 7,898,108, ,113 28,002,880,400 (a) Includes Wealth Tax, Estate etc., Duties. (b) Includes Income Levy (c) Includes Corporation Profits Tax. Net Receipts Customs 0.6% Excise 15.0% Captial Gains Tax 3.1% Capital Taxes 5.0% * Income Tax 33.3%

9 Table TR3 Net Receipts as a % of GDP Year GDP* Net Receipts Net Receipts as % of GDP ,723,369,783 20,185,678, % ,677,953,792 23,448,785, % ,911,001,519 27,215,040, % ,437,000,000 28,002,880, % *Source: C.S.O., Dept. of Finance. Table TR4 Gross Revenue Receipts and Cost of Administration Year Gross Receipts Cost of Administration Cost as Percentage of Gross Receipts m m , % , % , % , % Cost of Admin as % of Gross Receipts 0.90% Table TR5 Cost of Administration (main elements) Service m Salaries, Wages & Allowances Computer & Office Equipment 23.0 Postal & Telecommunications 10.8 Superannuation Costs 24.2 Services provided by the Office of Public Works 21.9 Miscellaneous 34.7 Total

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11 Excise Table EX1. Excise Duty, Net Receipts Excise Duty on Beer:- Table EX2. Net Duty Paid Quantities and Net Excise Receipts Table EX3. Incidence of Duty and VAT per Pint of Stout per Pint of Lager Excise Duty on Spirits:- Table EX4. Quantities Retained for Home Use and Net Excise Receipts Table EX5. Incidence of Duty and VAT per Standard Measure of Whiskey Bottle of Whiskey Excise Duty on Wine and Made Wine:- Table EX6. Quantities Retained for Home Use and Net Excise Receipts Excise Duty on Cider and Perry:- Table EX7. Quantities Retained for Home Use and Net Excise Receipts Excise Duty on Betting, Bookmaking Premises and Bookmakers Licences Table EX8. Betting Duty, Bookmaking Premises Duty and Bookmakers Licence Duty Excise Duty and Vehicle Registration Tax (VRT) on Motor Vehicles and Motor Cycles Table EX9. Motor Vehicle Registration Tax - Registrations and Net Receipts Excise Duty on Mineral Hydrocarbon Light Oil:- Table EX10. Quantities Retained for Home Use and Net Excise Receipts Table EX11. Incidence of Duty and VAT per litre of Unleaded Petrol Excise Duty on Hydrocarbon Oils Other Sorts:- Table EX12. Quantities Retained for Home Use and Net Excise Receipts Table EX13. Incidence of Duty and VAT per Litre of Auto Diesel EXCISE Excise Duty on Gaseous Hydrocarbons in Liquid Form (LPG):- Table EX14. Quantities Retained for Home Use and Net Excise Receipts Excise Duty on Tobacco Products:- Table EX15. Quantities Retained for Home Use and Net Excise Receipts Table EX16. Incidence of Duty and VAT per Packet of 20 Cigarettes Excise Licences:- Table EX17. Numbers and Net Receipts Customs Duties and Excise Duties, are, generally speaking, imposed in respect of transactions or events and not by reference to any period of time. The general statistics of these duties, for any year, thus relate, broadly, to the actual cash receipts, etc., of revenue within that year. 2. In Tables relating to Excise duties the quantities of commodities shown as retained for home use (i.e. net quantities on which duty was paid after allowing for quantities on which duty was repaid, e.g. as drawback) in the respective financial years may differ from the quantities actually consumed in these years, owing to clearances being delayed or advanced, as the case may be, e.g., in anticipation of Budget changes or because of international developments. 13

12 EXCISE Main Excise Duty Rates Commodity Type Rate of Duty ALCOHOLS 1 BEER (per hectolitre percent of alcohol) SPIRITS (per Litre of alcohol)(w.e.f. 1st. July 1996) Not exceeding 5.5% volume (w.e.f. 1st. July 1996) CIDER AND PERRY (per hectolitre) Of an alcoholic strength by volume Still and Sparkling: -not exceeding 6% exceeding 6% but not exceeding 8.5% WINE AND MADE WINE (per hectolitre) Of an alcoholic strength by volume: -Still and Sparkling not exceeding 5.5% Still exceeding 5.5% but not exceeding 15% Still exceeding 15% Sparkling exceeding 15% TOBACCO 1 CIGARETTES (Specific duty per 1,000 cigarettes) (Ad Valorem duty as percent of retail price) 17.45% 18.57% 18.89% 2 CIGARS (per kilogram) FINE CUT TOBACCO FOR ROLLING OF CIGARETTES (1 per kilogram) OTHER SMOKING TOBACCO (per kilogram) MINERAL HYDROCARBON LIGHT OILS (per 1,000 Litres) 1 LEADED PETROL UNLEADED PETROL SUPER UNLEADED HYDROCARBON OILS OTHER SORTS (per 1,000 Litres) 1 HEAVY OIL (AUTO DIESEL) Auto Diesel - Scheduled passenger road transport services HEAVY OIL (NON AUTO USE - REBATE RATE) Transport services KEROSENE ( w.e.f. 1/12/1999) FUEL OIL - Industrial For the use in the Generation of Electricity for sale AUTO LPG AND METHANE OTHER LPG

13 Excise Duty Net Receipts Table EX1 Head of Duty Beer Import 49,705,008 54,736,233 50,744,260 Home 427,386, ,179, ,901,053 Total 477,091, ,915, ,645,313 Cider and Perry Import 2,375,862 2,732,256 3,663,225 Home 26,283,957 30,617,522 32,455,523 Total 28,659,818 33,349,778 36,118,748 Spirits Import 82,359, ,112,880 89,942,900 Home 135,590, ,973, ,975,142 Total 217,950, ,086, ,918,042 Wine & Home & Import 108,613, ,510, ,169,089 Made Wine Home & Import 2,668,914 2,296,325 1,713,478 Total 111,281, ,807, ,882,567 Tobacco Import 118,975, ,560, ,530,680 Home 742,536, ,091,872 1,013,293,050 Total 861,512, ,652,385 1,141,823,730 Hydrocarbon Light Import 576,338, ,868, ,601,737 Oils Home 144,084, ,967, ,652,201 Total 720,423, ,836, ,253,938 Hydrocarbon Oils Import 567,680, ,627, ,044,368 Other Sorts Home 141,920, ,156, ,953,274 Total 709,600, ,784, ,997,643 LPG Import 3,957,959 4,248,971 4,105,987 Home 989,490 1,062,243 1,000,744 Total 4,947,448 5,311,214 5,106,730 Vehicle Reg'nTax Total 771,115,041 1,001,252, ,029,014 SUBTOTAL Import 1,510,005,586 1,602,398,318 1,503,802,246 Home 2,392,575,625 2,738,596,367 2,827,196,523 TOTAL 3,902,581,211 4,340,994,685 4,117,775,725 Note: The receipts for Beer, Spirits and Wine for 2001 are not directly comparable to 2000 due to the provision in the 2001 Finance Bill to abolish the end year payment catch-up for alcohols. Excise Duty on Premises or Activities Betting 67,804,494 58,868,555 68,066,165 Bookmaking Premises 281, , ,829 Clubs 762, , ,864 Firearms Certificates 5,224,944 3,211,267 4,271,803 Firearm Dealers 21,052 11,440 27,998 Excise Duty on Public Dancing Licences etc. 7,883,964 8,738,777 7,537,053 Foreign Travel 20,549,012 1,927,882 39,508 Licences 10,987,922 9,408,140 14,044,195 SUBTOTAL 113,515,049 83,170,461 94,827,415 TOTAL NET RECEIPTS 4,016,096,260 4,424,165,145 4,212,603,140 Percentage of Total Excise Receipts in 2001 received from Each Commodity 30.00% 25.00% 20.00% 15.00% 10.00% 5.00% 0.00% Tobacco VRT Light Oils Heavy Oils Beer Spirits Wine Betting, Foreign Travel, Licences Cider and Perry LPG 15

14 Since October 1993, when the system for charging duty was changed to an "end product" basis, the unit of charge has been the hectolitre per percent alcohol by volume. Excise Duty on Beer Table EX2 Net Duty Paid Quantities and Net Excise Receipts Home-Made Imported Home-Made and Imported Year Net Duty Paid Quantities Estimated Percent Net Excise Litres Litres Total MHL (b) Change Receipts of Alcohol of Alcohol (Retail) 1992 (a) 1,621, , % 374,837, (a) 1,321, , ,236, , % 345,935, ,921,383 2,128, % 395,659, ,550,000 2,089, % 410,240, ,687,431 2,147, % 432,953, ,481,710 2,185, % 449,326, ,176,302 2,404, % 464,261, ,560,795 2,463, % 477,091, ,095,782 2,744, % 475,915, (c) 21,151,263 2,784, % 435,645,313 (a) Up to 2 October 1993 the quantities of beer are shown as Standard Barrels. From then on the quantities are shown as litres of alcohol. (b) MHL = Millions of Hectolitres (c) The receipts for 2001 are not directly comparable to 2000 due to the provision in the 2001 Finance Bill to abolish the end year payment catch-up. Beer Consumption MHL (b) * 1993* Note: This figure does not include details of beer containing not more than 0.5% of alcohol by volume. 16

15 Table EX3 Incidence of Duty and VAT per Pint of Stout Year Bar Price Percent Excise VAT Total Percent Tax Percent Tax as (Mid Pint (a) Change Content Content Tax Change Exclusive Change a % May) Content Price of Price % % % 38.6% % % % 37.4% % % % 37.6% % % % 36.9% % % % 36.7% % % % 36.1% % % % 35.6% % % % 34.6% % % % 33.8% % % % 32.4% INCREASE IN CPI (ALL ITEMS) % INCREASE DURING PERIOD: TAX INCLUSIVE PRICE: 43.9% TAX EXCLUSIVE PRICE: 58.6% TAX CONTENT: 20.6% Price of a Pint of Stout, the Tax Take and the Tax Exclusive Price Total Tax Content Tax Exclusive Price Bar Price Pint (a) (a) C.S.O. National Average Retail Price. 17

16 Table EX3 - continued Incidence of Duty and VAT per Pint of Lager Year Bar Price Percent Excise VAT Total Percent Tax Percent Tax as (Mid Pint (a) Change Content Content Tax Change Exclusive Change a % May) Content Price of Price % % % 36.6% % % % 35.6% % % % 35.6% % % % 35.2% % % % 34.9% % % % 34.3% % % % 33.8% % % % 33.0% % % % 32.2% % % % 30.9% INCREASE IN CPI (ALL ITEMS) % INCREASE DURING PERIOD: TAX INCLUSIVE PRICE: 43.5% TAX EXCLUSIVE PRICE: 56.4% TAX CONTENT: 21.3% Price of a Pint of Lager, the Tax Take and the Tax Exclusive Price Total Tax Content Tax Exclusive Price Bar Price Pint (a) (a) C.S.O. National Average Retail Price 18

17 EXCISE DUTY ON SPIRITS General For excise purposes, the strength of spirits is expressed by reference to alcoholic strength by volume and the rates of excise duty in terms of alcoholic content. "Alcoholic strength by volume" means the ratio of the volume of alcohol present in a product at a temperature of 20 0 C to the total volume of the product at the same temperature, the ratio being expressed as a percentage and "alcohol" means pure ethyl alcohol. Table EX4 Quantities Retained for Home Use and Net Excise Receipts Year Home-Made Imported Home-Made and Imported Quantity (Litres of Quantity (Litres of Total Quantity (Litres of Percent Change Net Excise Receipts Alcohol) Alcohol) Alcohol) ,661,769 2,051,747 5,713, % 145,730, ,739,971 2,161,854 5,901, % 150,549, ,723,946 2,177,523 5,901, % 162,530, ,601,493 2,176,197 5,777, % 160,131, ,993,950 2,360,423 6,354, % 174,753, ,149,306 2,529,932 6,679, % 182,962, ,259,890 2,739,094 6,998, % 187,488, ,942,313 3,053,211 7,995, % 217,950, ,227,603 3,766,404 8,994, % 247,086, (a) 5,453,943 3,857,932 9,311, % 220,918,042 (a) The receipts for 2001 are not directly comparable to 2000 due to the provision in the 2001 Finance Bill to abolish the end year payment catch-up. Spirit Consumption ,000,000 Litres of Alcohol 8,000,000 7,000,000 6,000,000 5,000, Note: The quantities shown do not include perfumed spirits, spirits delivered for methylation, scientific purposes, fortifying wines or use in arts and manufacture, and other spirits (including spirits contained in goods) delivered without payment of duty. 19

18 Table EX5 Incidence of Duty and VAT per Standard Measure of Whiskey Year Price Per Percent Excise VAT Total Percent Tax Percent Tax as (Mid Measure (a) Change Content Content Tax Change Exclusive Change % of May) Content Price Price % % % 38.5% % % % 37.5% % % % 38.0% % % % 37.2% % % % 36.9% % % % 36.2% % % % 35.5% % % % 34.6% % % % 33.8% % % % 32.7% INCREASE IN CPI (ALL ITEMS) % INCREASE DURING PERIOD: TAX INCLUSIVE PRICES: 43.1% TAX EXCLUSIVE PRICES: 56.7% TAX CONTENT: 21.4% Price of a Measure of Whiskey, the Tax Take and Tax Exclusive Price Price Per Measure (a) Total Tax Content Tax Exclusive Price (a) C.S.O. National Average Retail Price 20

19 Table EX5 - continued Incidence of Duty and VAT per Bottle of Whiskey Year Price Per Percent Excise VAT Total Percent Tax Percent Tax as (Mid Bottle (a) Change Content Content Tax Change Exclusive Change % of May) Content Price Price % % % 63.0% % % % 63.4% % % % 64.0% % % % 63.7% % % % 63.6% % % % 63.6% % % % 62.0% % % % 61.2% % % % 60.0% % % % 58.8% INCREASE IN CPI (ALL ITEMS) 26.7% INCREASE DURING PERIOD: TAX INCLUSIVE PRICES: 17.4% TAX EXCLUSIVE PRICES: 30.8% TAX CONTENT: 9.5% Price of a Bottle of Whiskey, the Tax Take and Tax Exclusive Price Price Per Bottle (a) Total Tax Content Tax Exclusive Price (a) C.S.O. National Average Retail Price 21

20 EXCISE DUTY ON WINE AND MADE WINE The rate of excise duty on wine and made wine is based on whether the product is still or sparkling and on its alcoholic strength by volume. Table EX6 Quantities Retained for Home Use and Net Excise Receipts Still Sparkling Total Still and Sparkling Year Not Exceeding Exceeding Quantity Quantity Percent Net Excise 5.5% vol (a) 15% vol 15% vol (Litres) (Litres) Change Receipts (Litres) (Litres) (Litres) ,066,410 1,018, ,851 17,473, % 47,442, ,347 18,131,430 1,026, ,806 20,060, % 51,775, ,198 18,950, , ,321 20,914, % 58,755, ,708 20,857, , ,308 23,048, % 62,688, ,403,599 24,092, , ,957 27,851, % 74,035, ,121,566 27,734, , ,488 30,288, % 82,996, ,887 32,592, , ,128 35,142, % 96,090, ,257,641 36,760,611 1,066,250 1,017,409 40,101, % 111,281, ,085,239 41,472,130 1,112, ,364 44,295, % 123,807, (b) 1,223,067 46,736,550 1,053, ,582 49,793, % 120,882,567 (a) Prior to 1993 quantities of wine not exceeding 5.5% volume are included with wine not exceeding 15% volume. (b) The receipts for 2001 are not directly comparable to 2000 due to the provision in the 2001 Finance Bill to abolish the end year payment catch-up. Wine Consumption ,000,000 50,000,000 40,000,000 litres 30,000,000 20,000,000 10,000,

21 EXCISE DUTY ON CIDER AND PERRY The rate of excise duty on cider and perry is based on whether the product is still or sparkling and on its alcoholic strength by volume. Table EX7 Quantities Retained for Home Use and Net Excise Receipts Year Home-Made Imported Home-Made and Imported Quantity (Litres) Quantity (Litres) Total Quantity (Litres) Percent Change Net Excise Receipts ,813,872 7,515,514 21,329, % 6,511, ,284,777 9,438,880 24,723, % 9,115, ,149,414 5,321,755 28,471, % 12,169, ,374,615 6,491,572 37,866, % 16,490, ,829,656 7,468,348 42,298, % 18,782, ,266,902 8,059,760 48,326, % 20,408, ,980,038 6,169,309 55,149, % 24,396, ,107,315 5,350,323 64,457, % 28,659, ,817,955 5,746,022 74,563, % 33,349, ,448,133 9,215,030 82,663, % 36,118,748 Cider and Perry Consumption ,000,000 80,000,000 70,000,000 60,000,000 Litres 50,000,000 40,000,000 30,000,000 20,000,000 10,000,

22 Betting Duty, Bookmaking Premises Duty and Bookmakers Licence Duty An Excise Duty is payable on bets entered into with a bookmaker. Bets on horse races or greyhound coursing (including racing) contests made at the venue where the races or coursing contests take place, are exempt from this duty. Table EX8 Betting Duty, Bookmaking Premises Duty and Bookmakers Licence Duty Betting Duty Bookmakers Licences Bookmaking Premises Year Net Receipts Nos. Issued Net Receipts Nos. Issued Net Receipts ,604, , , ,804, , , ,202, , , ,804, , , ,868, , , ,066, , ,829 Bookmaking Premises and Bookmakers Licence Duty Net Receipts , , , , , , ,000 50, Licences Premises Betting Duty Net Receipts ,000,000 70,000,000 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,

23 EXCISE DUTY AND VEHICLE REGISTRATION TAX (VRT) ON MOTOR VEHICLES AND MOTOR CYCLES Up to January 1993 motor vehicles manufactured in, or imported into, the State were liable to Excise Duty. Due to the implementation of the Single Market, a Vehicle Registration Tax was introduced in place of the existing Excise Duty. The new VRT rates were calculated so as to leave the overall level of taxation on cars unchanged. They differ from Excise rates in two respects; firstly, duty is charged on the open market selling price (OMSP) instead of the recommended retail selling price (RRSP) and the former is typically 10% lower than the latter. Secondly the VRT take from a car is designed to be equivalent to the old Excise Duty plus VAT on Excise. VRT receipts for 1993 and later, are therefore not directly comparable with previous years Excise Duty receipts. Categories of Vehicles Under the Excise Duty system motor vehicles were separated into two categories, A and B as well as motorcycles. The VRT system introduced two additional categories C and D. Categories A1, A2 and A3 Category B Category C Category D Cars Car Derived Vans Trucks, Large Vans, Tractors and Buses Vehicles other than the above such as Fire Engines, Ambulances and Road Rollers. VRT (Table EX9) for Categories A and B, VRT is an ad valorem duty based on the Open Market Selling Price. VRT on Category C is a fixed amount per vehicle and there is no VRT payable on Category D vehicles. The VRT on motor cycles is based on the cubic capacity of the engine. Current Rate of VRT Category of Vehicle Rate A1 with an engine cc less than or equal to % of chargeable value or 1400 c.c. 250, whichever is greater. A2 with an engine c.c. exceeding 1400 c.c % of chargeable value or and not exceeding 2000 c.c. 250, whichever is greater. A3 with an engine c.c. exceeding 2000 c.c % of chargeable value or 250, whichever is greater. B % of chargeable value or 100, whichever is greater. C - 40 per vehicle D - nil Motorcycles with internal combustion engine per c.c. up to 350 c.c. with internal combustion engine per c.c. for the first 350 c.c. exceeding 350 c.c. plus 1.00 for every additional c.c. propelled by means other than - equal to amount payable on a internal combustion engine motorcycle propelled with an internal combustion engine with same power output 25

24 26 Table EX9 MOTOR VEHICLE REGISTRATION TAX - REGISTRATIONS AND NET RECEIPTS Category A1 Category A2 Category A3 Total A1, A2 and A3 Category B Category C Cat. D Category M Total Net Cars up to 1400 cc Cars cc Cars over 2000 cc (Car Derived Vans) (Commercial Vehicles) (Motor Cycles) Receipts Total Total Total Total Total Total Total Total Reg. Reg. Reg. Reg. Reg. Reg. Reg. Reg ,332 9,967, ,967, New 63, ,906,055 1,125 11,931, , ,837,630 2,843 5,177,724 11, , , , ,418,141 Used 31,980 29,208,007 1,960 3,918, ,940 33,126,595 1, ,153 14, , , ,205 34,477,819 Total 95, ,114,062 3,085 15,850, , ,931,661 4,161 5,701,877 26, , ,417 1,298, ,895, New 79, ,164,675 1,272 15,852, , ,017,477 3,375 7,433,063 14, , , , ,979,760 Used 39,873 47,910,776 1,372 4,394, ,245 52,305, ,582 13, , , ,741 53,940,136 Total 118, ,075,450 2,644 20,247, , ,323,238 4,356 8,070,646 27,765 1,298, ,875 1,227, ,919, New 86, ,762, ,698, , ,460,975 3,448 8,137,400 16, , , , ,240,030 Used 43,882 58,697, ,949, ,591 61,647,583 1, ,268 13, , , ,586 63,494,639 Total 130, ,460,382 1,498 14,648, , ,108,558 4,455 8,872,668 30,120 1,481, ,029 1,271, ,734, New 114, ,036, ,936, , ,973,649 3,080 6,932,770 19,804 1,008, , , ,834,335 Used 47,318 67,805, ,097, ,164 71,902,804 1, ,060 14, , , ,147 74,033,309 Total 161, ,841,930 1,659 17,034, , ,876,453 4,115 7,756,830 34,575 1,757, ,018 1,476, ,867, New 135, ,848,994 1,078 15,927, , ,776,780 3,222 7,782,225 23,439 1,207, ,593 1,151, ,918,178 Used 43,991 58,156, ,677, ,828 61,834, ,922 13, , , ,711 63,703,096 Total 179, ,005,829 1,915 19,604, , ,610,821 4,104 8,356,146 37,305 1,877, ,778 1,776, ,621, New 144, ,708,640 1,437 22,933, , ,641,703 3,488 8,786,595 31,948 1,621, ,007 1,499, ,549,252 Used 43,605 59,053,103 1,309 6,102, ,914 65,155,217 1, ,127 13, , , ,833 67,519,237 Total 188, ,761,743 2,746 29,035, , ,796,919 4,541 9,776,722 45,562 2,281, ,384 2,213, ,068, New 111, ,581,863 58, ,735,927 4,689 68,950, , ,268,731 3,615 8,947,301 39,525 2,007, ,208 2,617, ,840,730 Used 15,403 15,657,068 18,432 31,956,464 3,657 14,573,392 37,492 62,186,924 1,285 1,380,648 16, , , ,049 65,274,310 Total 127, ,238,930 76, ,692,392 8,346 83,524, , ,455,656 4,900 10,327,949 56,160 2,830, ,533 3,501, ,115, New 150, ,673,696 74, ,347,706 6, ,120, , ,141,780 3,345 8,062,560 48,645 2,470, ,898 3,653, ,328,585 Used 9,716 9,461,993 12,195 18,167,826 2,982 11,391,308 24,893 39,021,127 1,094 1,174,710 13, , ,633 1,066,357 41,923,473 Total 160, ,135,689 86, ,515,533 9, ,511, , ,162,907 4,439 9,237,270 61,665 3,131, ,531 4,719,945 1,001,252, New 87, ,219,795 70, ,563,661 6, ,869, , ,652,946 2,891 7,160,020 44,826 2,286, ,344 3,652, ,751,803 Used 5,494 3,574,593 8,305 9,572,046 2,341 8,179,692 16,140 21,326, ,316 11, , ,488 1,446,214 24,277,210 Total 92, ,794,389 79, ,135,707 9, ,049, , ,979,278 3,743 8,079,336 56,676 2,872, ,832 5,098, ,029,014 Note: The registrations shown are gross i.e. include those which are VRT exempt. Receipts for 1993 include Excise Duty on motor vehicles of 9,967,436 on 3,332 vehicles due in 1992 and paid under deferred payments procedures.

25 45000 C.C. Profile for New Cars Registered for VRT in NET REGISTRATIONS CC BAND C.C. Profile for Used Cars Registered for VRT in NET REGISTRATIONS CC BAND 27

26 EXCISE DUTY ON MINERAL HYDROCARBON LIGHT OILS Table EX10 Quantities Retained for Home Use and Net Excise Receipts Year Leaded Unleaded Super Plus Aviation MHLO Quantities and Receipts Totals. Petrol Petrol Unleaded (1) Gasoline Quantity Quantity Quantity Quantity Quantity % Net Excise (Litres '000) (Litres '000) (Litres '000) (Litres '000) (Litres '000) Change Receipts w.e.f. 1 Sept ' , ,677-1,408 1,251, % 446,709, , ,210-1,066 1,269, % 444,901, , , ,328, % 481,094, , ,577-1,146 1,383, % 499,270, , ,972 25,458 1,076 1,455, % 536,057, ,081 1,089,230 64,120 1,255 1,564, % 601,992, ,880 1,439,227 35,481 1,004 1,746, % 676,986, ,885 1,719,089 28,752 1,570 1,895, % 720,423, ,953,652 61,602 1,794 2,017, % 754,836, ,044,439 20,792 1,897 2,067, % 725,253,938 (1) A separate excise rate for super plus unleaded petrol was introduced w.e.f. 1st. Sept '96 and clearances only refer to that date on. Mineral Hydrocarbon Light Oils Consumption ,100,000 1,900,000 Litres ('000) 1,700,000 1,500,000 1,300,000 1,100,

27 Table EX11 Incidence of Duty and VAT per Litre of Unleaded Petrol Year Price Percent Excise VAT Total Percent Tax Percent Tax as (Mid Per Change Content Content Tax Change Exclusive Change a % May) Litre (a) ( Cent) ( Cent) Content Price of (Cent) ( Cent) ( Cent) Price % % % 62.5% % % % 62.1% % % % 64.9% % % % 64.7% % % % 63.4% % % % 65.4% % % % 67.3% % % % 67.4% % % % 59.1% % % % 56.3% INCREASE IN CPI (ALL ITEMS) : 26.7% INCREASE DURING PERIOD: TAX INCLUSIVE PRICE: 19.7% TAX EXCLUSIVE PRICE: 39.6% TAX CONTENT: 7.8% Price of a Litre of Unleaded Petrol, the Tax Take and Tax Exclusive Price Cent Tax Exclusive Price (Cent) Total Tax Content (Cent) Price Per Litre (a) (Cent) (a) C.S.O. National Average Retail Price 29

28 EXCISE DUTY ON HYDROCARBON OILS OTHER SORTS The oils referred to in this Table include diesel oil, kerosene, fuel and lubricating oils and white spirit. Only oils for use as fuel in road motor vehicles bear the duty in full but partial repayment is made on such oil used in passenger road transport Table EX12 Quantities Retained for Home Use and Net Excise Receipts Auto Diesel Other Oils (1) (2) Other Oils(3) Fuel Oil Used in Residual Fuel Oil Residual Fuel Oil Residual Fuel Oil Total Hydrocarbon Oils Other Sorts the Manufacture Generation of OtherPurposes(3) of Alumina(4) Electricity for Sale Year Quantity Percent Net Excise Quantity Net Excise Quantity Net Excise Quantity Quantity Quantity Net Excise Quantity Percent Net Excise (Litres'000) Change Receipts (Litres'000) Receipts (Litres'000) Receipts (Litres'000) (Litres'000) (Litres'000) Receipts (Litres'000) Change Receipts , % 246,419,090 1,541,357 70,631, , , ,055 14,060,848 3,569, % 331,111, , % 259,836,973 1,542,743 70,453, , , ,181 12,289,654 3,709, % 342,580, ,052, % 300,144,882 1,637,904 75,064, , , ,725 13,325,836 3,943, % 388,535, ,136, % 325,466,965 1,641,045 75,114, , , ,885 12,857,048 4,095, % 413,438, , ,977,503 1,327,198 59,898, , , ,895 13,529,863 3,444, ,405, ,369, % 428,717,008 1,885,872 86,454, , , ,483 14,647,365 4,638, % 529,818, ,618, % 509,234,728 2,067,897 95,282, ,093 1,086, ,145 19,046,503 5,435, % 623,563, ,852, % 583,307,332 1,567,061 70,432, ,406 33,724, ,292 1,307, ,078 22,135,634 6,112, % 709,600, ,991, % 623,960,807 1,595,707 71,956, ,904 25,483, ,185 1,131, ,278 19,384,059 6,186, % 740,784, ,150, % 519,487,873 1,629,694 72,955, ,223 30,195, ,001 1,223, ,206 21,359,044 6,669, % 643,997,643 (1) These oils are used mainly for agriculture, industrial and heating purposes. (2) There is a full repayment of duty on these oils when used in the engines of sea fishing boats and a partial repayment when used in horticulture production. (3) This category refers to Kerosene only. Prior to 1999 clearances of Kerosene are included with Other Oils (1) (2). A separate excise rate for Kerosene was introduced w/e/f 1st. December 1999 (4) A full rebate of duty is allowed on this oil. 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 Hydrocarbon Oils Other Sorts Consumption Litres (thousands) 1,000,

29 Table EX13 Incidence of Duty and VAT per Litre of Auto Diesel Year Price Percent Excise VAT Total Percent Tax Percent Tax as (Mid per Change Content Content Tax Change Exclusive Change a % of May) Litre (a) (Cent) (Cent) Content Price Price (Cent) (Cent) (Cent) % % % 59.7% % % % 58.5% % % % 61.0% % % % 61.3% % % % 60.3% % % % 62.5% % % % 63.3% % % % 63.5% % % % 56.5% % % % 50.1% INCREASE IN CPI (ALL ITEMS) : 26.7% INCREASE DURING PERIOD: TAX INCLUSIVE PRICE: 11.4% TAX EXCLUSIVE PRICE: 37.9% TAX CONTENT: -6.5% Price of a Litre of Auto Diesel, the Tax Take and Tax Exclusive Price Cent Price per Litre (a) (Cent) Total Tax Content (Cent) Tax Exclusive Price (Cent) (a) C.S.O. National Average Retail Price 31

30 EXCISE DUTY ON GASEOUS HYDROCARBONS IN LIQUID FORM (LPG) Table EX14 Quantities Retained for Home Use and Net Excise Receipts Fully Duty Paid Partly Rebated * Total Quantity (Litres '000) Net Receipts Quantity (Litres '000) Net Receipts Quantity (Litres '000) Net Receipts ,006 1,136, ,875 8,817, ,881 9,954, , , ,889 5,834, ,412 6,769, , , ,450 5,830, ,197 6,677, , , ,063 5,795, ,948 6,477, , , ,687 5,626, ,437 6,185, , , ,663 4,651, ,256 5,127, , , ,464 4,874, ,646 5,241, , , ,064 4,684, ,298 4,947, , , ,589 5,015, ,173 5,311, , , ,311 4,971, ,882 5,106,730 * This rate applies to LPG for non automotive use. With effect from 1 July 1991, there is a partial rebate on LPG used in horticultural production.. 32

31 33 EXCISE DUTY ON TOBACCO PRODUCTS Excise duty on cigarettes consists of a specific rate of duty levied per one thousand cigarettes together with a fixed percentage of the price at which the cigarettes are sold by retail. All other tobacco products are charged at a specific rate of duty per kilogram. Table EX15 Quantities Retained for Home Use and Net Excise Receipts Cigarettes Other Tobacco Products Year Cigars Fine Cut Other Smoking Total Other Tobacco Total Net Receipts Quantity Percent Receipts Quantity Quantity Quantity Quantity Receipts Receipts 000's Change Kgs Kgs Kgs Kgs ,977, % 501,564,637 84, , , ,560 25,102, ,666, ,737, % 520,558,456 79, , , ,035 24,874, ,433, ,958, % 561,382,704 75, ,027 89, ,240 25,026, ,409, ,365, % 642,435,251 78, ,966 88, ,890 25,945, ,381, ,108, % 648,936,117 73, ,266 79, ,266 27,935, ,872, ,272, % 700,450,183 78, ,173 72, ,332 26,619, ,069, ,422, % 753,895,315 80, ,007 70, ,226 28,699, ,594, ,868, % 830,507,274 79, ,128 65, ,783 31,004, ,512, ,848, % 923,092,056 81, ,897 60, ,364 35,560, ,652, ,771, % 1,102,290,292 82, ,165 60, ,114 39,533,438 1,141,823,730 Note: From 25 February 1993, Other Tobacco Products were reclassified into two new categories, (1) "Fine Cut Tobacco", replaced the existing category "Other Tobacco" and (2) "Other Smoking Tobacco" replaced "Sweetened Tobacco", "Hard Pressed" and "Other Pipe." For the years 1991 to 1993 the quantities for Other Tobacco are shown under Fine Cut and those for Sweetened, Hard Pressed and Other Pipe are shown under Other Smoking. Thousands Cigarette Consumption ,000,000 6,800,000 6,600,000 6,400,000 6,200,000 6,000,000 5,800,000 5,600,000 5,400,000 5,200,000 5,000,

32 Table EX16 Incidence of Duty and VAT per Packet of 20 Cigarettes Year Retail Percent Excise Content VAT Total Percent Tax Percent Total (Mid Price Change Ad Content Tax Change Exclusive Change Tax as % May) Specific Valorem Total Content price of price % % % 75.8% % % % 75.8% % % % 75.9% % % % 76.5% % % % 76.7% % % % 76.7% % % % 77.0% % % % 76.7% % % % 79.1% % % % 78.0% INCREASE IN CPI (ALL ITEMS) : 26.7% INCREASE IN PRICES DURING PERIOD: TAX INCLUSIVE PRICES: 69.1% TAX EXCLUSIVE PRICES 53.7% TAX CONTENT 74.0% (a) C.S.O. National Average Retail Price Price of a Packet of 20 Cigarettes, the Tax Take and Tax Exclusive Price Tax exclusive price Total Tax Content Retail Price 34

33 Excise Licences Table EX17 Numbers and Net Receipts, NUMBERS NET NUMBERS NET NUMBERS NET ISSUED RECEIPTS ISSUED RECEIPTS ISSUED RECEIPTS CLASS A - LIQUOR LICENCES MANUFACTURERS 1. Brewers for sale 22 5, , , Cider Manufactures 4 1, , , Distillers 7 2, , Rectifiers and Componders 19 5, , , Sweet Makers , TOTAL MANUFACTURES 55 14, , ,697 DEALERS 1. Spirits , , , Beer , , , Wine and Sweet , , , Spirits and Wine , ,016 TOTAL DEALERS , , ,048 RETAILERS OF SPIRITS 1.PUBLICANS viz.:- Full 9,788 5,896,340 7,421 4,403,315 11,272 8,124,673 Six-Day 61 15, , ,349 Early-Closing 14 3, Six-Day and Early - Closing 18 5, , ,920 Additional Duty-No.Lic.issued ,016-1,778 TOTAL PUBLICANS 9,881 5,921,354 7,466 4,417,282 11,303 8,135, Off - Licences , , , Special Restaurant Renewal , , , Restricted Licence Conversion , ,230 TOTAL SPIRIT RETAILERS , ,807 1, ,778 Retailers : Beer, Cider & Perry 4. On Licence viz.:-full 4 1, , , Off - Licences , , ,825 TOTAL BEER RETAILERS , , ,396 35

34 Table EX17 - continued Numbers and Net Receipts, NUMBERS NET NUMBERS NET NUMBERS NET ISSUED RECEIPTS ISSUED RECEIPTS ISSUED RECEIPTS Retailers of Cider & Perry 6. Off - Licences 16 4, , ,317 Retailers of Wine and Sweets 7. On - Licences, viz.:-full 3, ,792 2, ,587 3, , Off Licences , ,007 1, ,608 TOTAL WINE RETAILERS 3, ,717 2, ,594 4,752 1,235, On - Licences Off - Licences 5 1, TOTAL SWEETS RETAILERS 6 1, Passenger Vessels;- Annual 32 7, , , Passenger Aircraft , , , Railway Restaurant Cars 50 12, , , Special Restaurant Fee , , , Pre 1960 Hotel Licence Conv ,569 TOTAL , , ,935 TOTAL CLASS A. 16,006 7,614,676 12,101 5,865,932 19,142 10,388,362 CLASS B 1 Auctioners 1, ,521 1, ,553 1, ,061 2 Auction Permits , , ,757 3 Bookmakers Licences - 125, , ,655 4 Gaming , , ,962 5 Gaming Machines 11,648 1,718,749 12,367 1,879,784 12,796 1,966,967 6 House Agents 8 1, , ,524 7 Hydrocarbon Oil Refiners Hydrocarbon Oil Vendors 2, ,228 2, ,550 2, ,813 9 Liquid Petroleum Gas Vendors 140 6, , , Amusement Machines 7, ,758 7, ,459 6, , Methylated Spirit Makers 7 1, , , Methylated Spirit Retailers , , , Moneylenders Pawnbrokers Table Water Manufacturers Tobacco Manufacturers 7 2, , Bookmaker 361A(Tote) Other (instances) ,016 TOTAL CLASS B 24,720 3,361,723 25,743 3,542,436 25,931 3,655,833 TOTAL CLASSES A & B 40,726 10,976,399 37,844 9,408,368 45,073 14,044,195 36

35 Stamp Duties Table SD1. Classification of Net Receipt Table SD2. Other statistics relating to Stamp Revenue in the six years ended 2001 Table SD3. Net Receipts of fees collected by means of Stamps Stamp duties are charged mainly on legal and commercial instruments and in respect of certain transactions. With few exceptions, the instruments affected are set out in Schedule 1 to the Stamp Duties Consolidation Act, Table SD1 classifies the net receipts from stamp duties under five main categories of charge which are as follows: (1) Conveyances of lands, houses and other property, leases, mortgages and settlements Stamp duty is charged ad valorem on the consideration for the sale of the property. The rates of duty now in force are as follows:- Residential Consideration Non-Residential First Time Other Owner Investor Investor Purchaser Occupier* 2nd Hand New House** House*** Not exceeding 5,000 5,001-10,000 10,001-15,000 15,001-25,000 25,001-50,000 50,001-60,000 Exceeding 60,000 60, , , , , , , , , , , ,000 Exceeding 500,000 Nil 1% 2% 3% 4% 5% 6% Nil Nil Nil Nil Nil Nil Nil Nil 3.00% 3.75% 4.50% 7.50% 9.00% Nil Nil Nil Nil Nil Nil Nil 3.00% 4.00% 5.00% 6.00% 7.50% 9.00% 9.00% 9.00% 9.00% 9.00% 9.00% 9.00% 9.00% 9.00% 9.00% 9.00% 9.00% 9.00% 9.00% * Rate also applies to both types of Investor for instruments executed on or after 6 December 2001 ** Rate applies to "Investor 2nd Hand House" for instruments executed before 6 December 2001 and also applies to "Investor New House" for instruments executed before 27 February 2001 *** Rate only applies to "Investor New House" for instruments executed on or after 27 February 2001 and before 6 December 2001 In the case of gifts, the duty is charged at the same rates on the value of the property. Where the transfer is between certain classes of relatives, the maximum rate is one half of the above rates whether the conveyance is by way of gift or sale. The ad valorem rates apply also to the consideration, other than the rent, in the case of leases. 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 4.00% 5.00% 6.00% 7.50% 9.00% Various exemptions and reliefs have been provided for. For example, certain transfers and leases of houses and apartments are exempt from stamp duty. Mortgages not exceeding 200,000 are exempt from stamp duty. Where that sum is exceeded, the rate is 0.1% of the amount secured, subject to a maximum duty of 500. (2) Transactions in Stocks and Shares The main item in this category is transfers of stocks and shares by way of sale. Such transfers attract duty at the rate of 1% of the consideration. In the case of gifts the duty is charged at the same rate on the value of the stocks and shares. (3) Companies Capital Duty Companies capital duty is imposed at the rate of 1% on the assets contributed to a capital company. STAMP DUTIES 37

36 (4) Cheques, Bills of Exchange, etc. Cheques, drafts, bills of exchange and promissory notes are chargeable with duty of 7p. Credit cards and charge cards are chargeable with a stamp duty of 15 p.a. and ATM cards with a stamp duty of 5 p.a. (5) Insurance and Miscellaneous A stamp duty is levied at the rate of 2% on premiums received by insurance companies from certain classes of non-life insurance business. Policies of non-life insurance are subject to a stamp duty of 1. The miscellaneous category includes items such as the levy on "Section 84 "loans, penalties and miscellaneous documents which have not been classified. Statistics relating to instruments and to the amount of fees collected by means of stamps are contained in Tables SD2 and SD3 respectively. Table SD1 Classification of Net Receipt Category of charge (1) Land and property 246,757, ,042, ,130, ,317, ,146, ,865,515 other than stocks and shares (2) Stocks, shares, etc.: 51,940,130 88,570, ,158, ,373, ,402, ,795,876 transfers, composition duty on transfers (3) Companies 20,465,430 33,135,834 37,647,757 19,131,118 48,987,437 76,085,499 capital duty (4) Cheques, 27,260,512 32,555,830 34,070,431 36,874,855 41,512,732 44,703,084 bills of exchange, etc. (5) Insurance and 75,641,592 61,449,691 67,135,157 79,422,698 93,836,997 85,076,403 miscellaneous Total of all 422,064, ,754, ,141, ,119,936 1,089,885,839 1,222,526,377 stamp duties 1,400,000, 000 1,200,000, 000 1,000,000, ,000, ,000, ,000, ,000, (1) Land and property other than stocks and shares (2) Stocks, shares, etc.: transfers, composition duty on transfers (3) Companies capital duty (4) Cheques, bill of exchange, etc. (5) Insurance and miscellaneous Total of all stamp duties 38